Blog – Page 46

Filecoin is back at near-term range lows but can traders look to buy FIL

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice The one-hour timeframe order block has served well in the past Indicators showed bearish momentum but this could shift soon Filecoin has traded within a range over the past two weeks. A short-term bullish order block from 10 November has acted as a zone where buyers have been willing to bid FIL. It remained to be seen if this trend can continue. Read...

$BTC: Crypto Analyst Says “It’s a Bitcoin Miner Bloodbath”

On Monday (21 November 2022), Charles Edwards, Co-Founder of digital asset management firm Capriole Investments, took a closer look at the Bitcoin mining industry in the wake of a very painful crypto bear market that started one year ago. Edwards took to Twitter earlier today to say: “It’s a...

Bank Of England Insists On Crypto Regulations After FTX Crash

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Bitcoin Misery – Will BTC Price Continue Going Downhill This Week? –

Over the last two weeks, Bitcoin, the largest cryptocurrency in terms of market capitalization, lost more than 22% of its value as it continues to struggle in shaking off the effects of the FTX crypto exchange implosion. After briefly reclaiming the $21K territory, BTC was wiped out of all of its gains from the October 25 bullish run of the crypto market and seems to be having a hard time climbing to even just $17,000. Bitcoin is -73% in terms of...

Assessing the impact of the FTX debacle on South Korea and more

South Korea has begun a probe into cryptocurrency exchanges in the country in relation to offering native tokens, as per a local news report. The Korea Financial Intelligence Unit (KoFIU) is the financial regulatory agency of South Korea. This regulatory body was investigating this matter in the wake of the bankruptcy filing of crypto exchange FTX. The price fall of FTT tokens, the native tokens of FTX, were behind the collapse of crypto exchange FTX and its 130 affiliate firms....

Barry Silbert’s DCG, Genesis Fallout Could Be Worse Than FTX, Here’s Why

Crypto trading firm Genesis’ exposure to bankrupt crypto firms FTX and Three Arrows Capital is pulling its parent Digital Currency Group (DCG) and Grayscale into the contagion. Now, it has come to light that Barry Silbert’s DCG owes over $1.1 billion to Genesis. Some claim DCG fallout could have more ripple effects than FTX.

DCG Owes Over Billion To Genesis

Andrew Parish, co-founder of ArchPublic, in a tweet on November 21 claimed that Barry Silbert’s DCG owes...

Ethereum Under Free Fall As FTX Hackers Sells Massive Quantity

The world’s second-largest cryptocurrency is under strong selling pressure on Sunday evening. As of press time, Ethereum (ETH) is trading 8.09% down at a price of $1,120 and a market cap of $137 billion. On Sunday, November 20, reports emerged that the FTX hacker who stole $600 million from the exchange is converting his ETH stash to Bitcoin. Last week, the hacker converted all the stablecoins to Ethereum accumulating $288 million worth of ETH. Citing data from Etherscan, crypto journalist...

XMR’s decline on the social front has more to show than just bearish signals

Monero recorded decreases in its social volume and dominance, leading to a shrink in trading volume The decline, however, did not stop XMR from showing signs of leaving the bearish zone Privacy-focused cryptocurrency Monero [XMR] faced investor concern recently as its social metrics decreased. Based on revelations from Santiment, not only did the social volume shrink, but its social dominance followed suit. Read Monero’s [XMR] price prediction 2023-2024 Santiment’s on-chain data showed that XMR’s social dominance had initially spiked to 3.576% on 19 November....

Curve Finance: Could CRV stay with the bears for longer than anticipated

Curve Finance’s CRV didn’t witness the best price action in the last 30 days and showed no sign of recovery CRV’s on-chain metrics too had also been full of decreases and dormancy Curve Finance [CRV], which was the subject of a good performance some months back, had lost 30.95% of its value in the last thirty days. According to CoinMarketCap, the token exchanged hands at $0.526 at press time. The data reflected the unimpressive state of the on-chain liquidity provider token...

Volume Action Hints Temporary Correction In Pancakeswap Token; Buy Now?

Published 2 hours ago Along with choppy market sentient, the pancakeswap token remained sideways for the past two weeks. However, this consolidation shows price sustainability above $3.7 support, offering a recovery opportunity to the coin holders. Thus, will we experience further growth in Pancakeswap, or will the downtrend continue?

Key points:

A bullish reversal from the $3.73 support is set to reach $4 under a favorable bullish scenario The 20-day EMA moving near the $4 may encourage sellers to resume the prevailing...